{"id":13561,"date":"2022-09-03T07:19:32","date_gmt":"2022-09-03T07:19:32","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/cryptos-adaptability-openness-key-to-ideal-monetary-system-say-bis-execs\/"},"modified":"2022-09-03T07:19:34","modified_gmt":"2022-09-03T07:19:34","slug":"cryptos-adaptability-openness-key-to-ideal-monetary-system-say-bis-execs","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/cryptos-adaptability-openness-key-to-ideal-monetary-system-say-bis-execs\/","title":{"rendered":"Crypto’s adaptability, openness key to ideal monetary system, say BIS execs"},"content":{"rendered":"
Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency\u2019s technical prowess supported by the central bank\u2019s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication.\u00a0<\/p>\n
\u201cDigital technologies promise a bright future for the monetary system,\u201d reads the publication attributed to IMF deputy managing director Agust\u00edn Carstens and BIS executives Jon Frost and Hyun Song Shin. <\/p>\n
A BIS study from June revealed that cryptocurrencies outdo fiat ecosystems when it comes to achieving the high-level goals of a future monetary system.<\/p>\n